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This folder includes:
Handwritten note cards titled:

  • Current Crisis: Bibliography (1973–1976), listing articles by Boddy and Crotty, Howard Sherman, Tobolowici, and Joseph Morris on wage-push, inflation, unemployment, monopoly capital, stagflation, and deficit spending from Monthly Review and other journals
  • Howard Sherman, “Monopoly Power & Stagflation” (Journal of Economic Issues, XI(2), June 1977, pp. 269–284; 7/77), discussing profit squeeze, raw materials costs, restricted demand, and evidence against high wages causing inflation during contractions, with monopoly vs. competitive sector price behavior data (1929–1938; 1949–1975)
  • Howard Sherman (continued, 3/4), noting monopolistic sectors show greater stability of profit rates over the cycle and that larger firms exhibit greater stability (p. 281)
  • A.A. Konus, “On the Tendency for the Rate of Profit to Fall” (reprinted in C.H. Feinstein, ed., Socialism, Capitalism and Economic Growth, Cambridge University Press, 1967)
  • Interpretations of Constant Capital, comparing Joan Robinson, Sweezy, and Nobuo Okishio on the rate of profit, organic composition of capital, and the falling tendency, with equations and critique of Okishio’s proof
  • Konus / Okishio (continuation, p. 3), on Konus’ critique regarding fixed capital and degree of utilization; final paragraph (in red ink) noting Okishio’s use of cost-price as the basis of switching and the identification of profit maximization per unit with maximizing the rate of profit and profit margin
  • Geoffrey Kay, “The FRP, Unempl., and Crisis” (Critique, No. 6, Spring 1976, pp. 55–75; 7/77), on turnover, annual rate of profit, productivity, and intensity
  • Geoffrey Kay (continued) (7/77), on value of the commodity, errors in his analysis of circulation time and turnover, reduction of constant capital to depreciation, and a car factory example; noted as useful for classroom illustration despite analytical flaws
  • Alan Nasser, “The Twilight of Capitalism: Contours of an Emerging Decline” (The Insurgent Sociologist, Vol. VI, No. 1, Winter 1976, pp. 5–28; 7/77), on the present crisis, profit squeeze, monopoly power, reserve army, and underconsumption theory
  • Alan Nasser (continued), on inflationary fine-tuning, profit erosion, capitalists’ defensive use of inflation, the contradiction between wage increases and real wage decreases, the turn toward political assault on workers’ living standards, and the role of external stimuli (wars, reconstruction, automobiles) alongside stagnation tendencies

Comments

The most recent date on the cards in this entry is 1977 but based on its location and context it is more probable that the card was written in the mid-1980s.

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